Shooting star (candlestick pattern)

A shooting star, in finance, is a type of reversal pattern presaging a falling price. The Shooting Star looks exactly the same as the Inverted hammer, but instead of being found in a downtrend it is found in an uptrend and thus has different implications. Like the Inverted hammer it is made up of a candle with a small lower body, little or no lower wick, and a long upper wick that is at least two times the size of the lower body.

The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed but encountered selling pressure which drove prices back down for the period to close near to where they opened. As this occurred in an uptrend the selling pressure is seen as a potential reversal sign. After encountering this pattern traders often check for a lower open on the next period before considering the sell-signal valid.

As with the Inverted hammer most traders will see a longer wick as a sign of a greater potential reversal and like to see an increase in volume on the day the Shooting Star forms.

Meteoroid

A meteoroid is a small rocky or metallic body travelling through space. Meteoroids are significantly smaller than asteroids, and range in size from small grains to 1 meter-wide objects. Objects smaller than this are classified as micrometeoroids or space dust. Most are fragments from comets or asteroids, whereas others are collision impactdebris ejected from bodies such as the Moon or Mars.

When a meteoroid, comet or asteroid enters the Earth's atmosphere at a speed typically in excess of 20km/s (72,000km/h; 45,000mph), aerodynamic heating of that object produces a streak of light, both from the glowing object and the trail of glowing particles that it leaves in its wake. This phenomenon is called a meteor or "shooting star". A series of many meteors appearing seconds or minutes apart, and appearing to originate from the same fixed point in the sky, is called a meteor shower. If that object withstands ablation from its passage through the atmosphere as a meteor and impacts with the ground, it is then called a meteorite.